Suite number:
2B (Podium)
Project:
Address:
Mississauga, Ontario
Developer:
Marlin Spring Developments
Property type:
condo
Floor plan:
Bathrooms:
1
Bedrooms:
2
Size:
550 sqft
Occupancy Date:
Jan 2027
Price, CAD
$745,990
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
20.34%
Cumulative Return on Investment in Year 5
96.75%
Property Price at the End of Year 5
$961,000
Deposit Schedule
$10,000 at Signing
Total up to 5% in 30 days
$37,300
5% in 360 days
$37,300
0% in 687 days
$1,000
5% on Occupancy
$37,300
Net Gain (Loss)
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Property Price Appreciation
Investment Details (10-Year Period)
Income/Return
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| property price appreciation | $39,000 | $41,000 | $43,000 | $45,000 | $48,000 | $50,000 | $53,000 | $55,000 | $58,000 | $61,000 | $492,000 |
| rent income | - | $1,000 | $16,000 | $17,000 | $18,000 | $18,000 | $19,000 | $20,000 | $21,000 | $22,000 | $152,000 |
| mortgage principal reduction | - | $751 | $9,000 | $10,000 | $10,000 | $11,000 | $11,000 | $12,000 | $12,000 | $13,000 | $89,000 |
| deposit interest | $2,000 | $4,000 | - | - | - | - | - | - | - | - | $5,000 |
| gst hst rebate | - | - | $24,000 | - | - | - | - | - | - | - | $24,000 |
| total income return | $41,000 | $46,000 | $92,000 | $72,000 | $75,000 | $79,000 | $83,000 | $87,000 | $91,000 | $96,000 | $762,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $75,000 | $38,000 | - | - | - | - | - | - | - | - | $113,000 |
| remaining balance payment | - | $36,000 | - | - | - | - | - | - | - | - | $36,000 |
| closing cost | - | $52,000 | - | - | - | - | - | - | - | - | $52,000 |
| operating expense | - | $712 | $9,000 | $9,000 | $9,000 | $9,000 | $9,000 | $10,000 | $10,000 | $10,000 | $75,000 |
| mortgage payment | - | $3,000 | $37,000 | $37,000 | $37,000 | $37,000 | $37,000 | $37,000 | $37,000 | $37,000 | $302,000 |
| total expense investment | $75,000 | $130,000 | $46,000 | $46,000 | $46,000 | $47,000 | $47,000 | $47,000 | $47,000 | $47,000 | $578,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$34,090 | -$83,890 | $46,000 | $26,000 | $29,000 | $32,000 | $36,000 | $40,000 | $44,000 | $48,000 | $184,000 |
| cumulative roi | $54 | $43 | $72 | $85 | $97 | $107 | $117 | $127 | $137 | $146 | $985 |
Above Condos
Address: Mississauga, Ontario
Price Range: $600,000 - $1,376,000
Avail. suites: 23
0—3 bd
338—1319 SqFt